Properties and Leases (Tables)

12 Months Ended

Jan. 30, 2021

Property Plant And Equipment And Leases Of Lessee [Abstract]

Property, Plant and Equipment

The major classes of property and equipment, net as of January 30, 2021 and February 1, 2020 are as follows:

	January 30,		February 1,
	2021		2020
	(millions)
Land	$	1,390	$	1,436
Buildings on owned land		3,650		3,822
Buildings on leased land and leasehold improvements		1,268		1,365
Fixtures and equipment		4,032		4,402
		10,340		11,025
Less accumulated depreciation and amortization		4,400		4,392
	$	5,940	$	6,633

Lessee Lease [Table Text Block]

ROU assets and lease liabilities consist of:

		January 30,		February 1,
		2021		2020
	Classification	(millions)
Assets
Finance lease assets (a)	Right of Use Assets	$	12	$	13
Operating lease assets (b)	Right of Use Assets		2,866		2,655
Total lease assets		$	2,878	$	2,668
Liabilities
Current
Finance (a)	Accounts payable and accrued liabilities	$	2	$	2
Operating (b)	Accounts payable and accrued liabilities		198		331
Noncurrent
Finance (a)	Long-Term Lease Liabilities		19		21
Operating (b)	Long-Term Lease Liabilities		3,166		2,897
Total lease liabilities		$	3,385	$	3,251

(a) Finance lease assets are recorded net of accumulated amortization of $13 million and $12 million as of January 30, 2021 and February 1, 2020, respectively. As of January 30, 2021 and February 1, 2020, finance lease assets and noncurrent lease liabilities each included $2 million of non-lease components.

(b) As of January 30, 2021, operating lease assets included $383 million of non-lease components and current and noncurrent lease liabilities included $35 million and $384 million, respectively, of non-lease components.  As of February 1, 2020, operating lease assets included $403 million of non-lease components and current and noncurrent lease liabilities included $36 million and $397 million, respectively, of non-lease components.

Lease, Cost [Table Text Block]

The components of net lease expense, recognized primarily within selling, general and administrative expenses are disclosed below. For 2020 and 2019, lease expense included $87 million and $83 million, respectively, related to non-leasecomponents.

	2020			2019			2018
				(millions)
Real estate
Operating leases (c) –
Minimum rents	$	376		$	364		$	317
Variable rents		45			54			11
		421			418			328
Less income from subleases –
Operating leases		(1	)		(2	)		(1	)
	$	420		$	416		$	327
Personal property – Operating leases	$	7		$	8		$	9

(c) Certain supply chain operating lease expense amounts are included in cost of sales.

Lessee, Finance Lease, Liability, Maturity [Table Text Block]

As of January 30, 2021, the maturity of lease liabilities is as follows:

			Operating
	Finance		Leases
	Leases		(d and e)		Total
			(millions)
Fiscal year
2021	$	3	$	239	$	242
2022		3		350		353
2023		3		344		347
2024		3		334		337
2025		3		329		332
After 2025		16		5,443		5,459
Total undiscounted lease payments		31		7,039		7,070
Less amount representing interest		10		3,675		3,685
Total lease liabilities	$	21	$	3,364	$	3,385

(d) Operating lease payments include $3,063 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $2 million of legally binding minimum lease payments for leases signed but not yet commenced.

(e) Operating lease payments include $1,151 million related to non-lease component payments, with $840 million of such payments related to options to extend lease terms that are reasonably certain of being exercised.

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

As of January 30, 2021, the maturity of lease liabilities is as follows:

			Operating
	Finance		Leases
	Leases		(d and e)		Total
			(millions)
Fiscal year
2021	$	3	$	239	$	242
2022		3		350		353
2023		3		344		347
2024		3		334		337
2025		3		329		332
After 2025		16		5,443		5,459
Total undiscounted lease payments		31		7,039		7,070
Less amount representing interest		10		3,675		3,685
Total lease liabilities	$	21	$	3,364	$	3,385

(d) Operating lease payments include $3,063 million related to options to extend lease terms that are reasonably certain of being exercised and exclude $2 million of legally binding minimum lease payments for leases signed but not yet commenced.

(e) Operating lease payments include $1,151 million related to non-lease component payments, with $840 million of such payments related to options to extend lease terms that are reasonably certain of being exercised.

Schedule of Supplemental Information for Lease Assumptions and Cash Flows [Table Text Block]

Additional supplemental information regarding assumptions and cash flows for operating and finance leases is as follows:

	January 30,			February 1,
Lease Term and Discount Rate	2021			2020
Weighted-average remaining lease term (years)
Finance leases		12.1			12.7
Operating leases		22.4			23.3
Weighted-average discount rate
Finance leases		6.70	%		6.69	%
Operating leases		6.32	%		6.53	%

	52 Weeks Ended		52 Weeks Ended
Other Information	January 30, 2021		February 1, 2020
	(millions)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows used from operating leases	$	521	$	363
Financing cash flows used from financing leases		4		2
Leased assets obtained in exchange for new operating lease liabilities		430		216